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202107229 PURCHASE AGREEMENT This Purchase Agreement ("Agreement") is made and entered into this day of j.t,.,nA. , 2021, by and between, Lina G. Lorenzo, as ("BUYER") whether one or more, and Juan C. Zamudio and Maria H. Avila, husband and wife, of 2522 Pioneer Blvd., Grand Island, Nebraska, as ("SELLER") WITNESS: In consideration of the mutual covenants of the parties recited herein, it is mutually agreed as follows: 1. Property: SELLER agrees to sell to BUYER and BUYER agrees to purchase from SELLER certain residential real estate located at Hall County, Nebraska, and legally described as: Lot Eleven (11), Block One (1), in Sothman's Subdivision, in the City of Grand Island, Hall County, Nebraska. (Physical Address: 1020 S. Greenwich St., Grand Island, Nebraska) Together with any easements, covenants and restrictions now of record against said premises subject to the following reservations and exceptions: (a.) SELLER thereof has marketable title, in fee simple; and (b.) Title shall be taken subject to Zoning and Building Code restrictions; and (c.) Subject to restrictions, conditions and limitations hereinafter stated. 2. Purchase Price: BUYER agrees to pay SELLER for property, in cash or by certified check, $125,000.00, ("purchase price"). The purchase price shall be paid in the following manner: A. Balance of $125,000.00 shall be paid by certified or cashier's check at time of delivery of deed. It is expressly understood and agreed by and between the parties hereto that this contract is conditional upon the BUYER's ability to obtain conventional mortgage financing for a term not to exceed thirty (30) years nor an interest rate not to exceed 4%. If BUYER's loan is not approved, as a result of inspection of collateral or other financial qualification or other issues with the transaction that are unsatisfactory to the lender, within thirty (30) days from the date of signing this Agreement, this offer shall be null and void and the money paid as an earnest money deposit (if any) shall be returned to the BUYER. However, if the processing of the application has not been completed by the lending agency within the above time, such time limit shall be automatically extended until the lending agency has in the normal course of its business, advised of either approval or rejection of said loan application. 3. Closing Date and Possession: BUYER and SELLER agree that closing shall occur on or about August 31, 2021, unless extended to allow for normal processing related to this real estate transaction. BUYER will receive possession at closing. The closing will be held at the offices of Grand Island Abstract, Escrow & Title Co., 704 W 3rd St #627, Grand Island, Nebraska or at such other location as the parties mutually agree. Page 1 of 5